Stock market gets knocked down, gets up again

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The All Ordinaries lost only 0.5 per cent during February, despite a highly publicised correction early in the month.

The index started February at 6,146.50 and fell as low as 5,930.20 but ultimately rallied to end the month at 6,117.30 (see table below).

On 5 February, the All Ords fell 1.6 per cent, from 6,229.80 to 6,128.40. The following day, it fell another 3.2 per cent, to 5,930.20.

However, it didn’t take long for the All Ords to cross the 6,000-point mark: on 15 February, it closed at 6,008.70.

The All Ords began the year at 6,167.30, which means it lost 0.8 per cent during the first two months.

It will have to climb another 11.4 per cent if it is to reach its all-time high of 6,873.20, which occurred on 1 November 2007.

Close at 28 February 2018 6,117.30
Change over the past 1 month -0.5%
Change since start of 2018 -0.8%
Change over the past 3 months 1.0%
Change over the past 6 months 5.9%
Change over the past 9 months 6.2%
Change over the past 1 year 6.2%
Change over the past 3 years 3.7%
Change over the past 5 years 19.5%
Change over the past 10 years 7.8%

A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.

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